EANS-Adhoc

Amendment of a previously released ad-hoc announcement / C-QUADRAT Investment AG / Cubic (London) Limited: Anticipated Mandatory Offer for all outstanding shares in C-QUADRAT Investment AG (ISIN: AT0000613005): Fulfillment of condition preced - Seite 2

corresponding to 25.1% of the Target Company's issued share capital
and (ii) its intention to launch an anticipated mandatory takeover
offer pursuant to Sec 22 et seq ÜbG ("MTO") with an offer price
expected to be EUR 42.86 per share. The share purchase agreement is
subject to the regulatory approvals by competent authorities.

On 10.03.2016 Cubic entered into additional share purchase agreements
with Laakman Holding Ltd, Hallmann Holding International Investment
GmbH, Q-CAP Holdings Ltd, San Gabriel Privatstiftung and T.R.
Privatstiftung regarding a total of 2,856,344 non-par value bearer
shares of C-QUADRAT (65.46%). Further, San Gabriel Privatstiftung,
T.R. Privatstiftung, Hallmann Holding International Investment GmbH,
Q-CAP Holdings Ltd and the beneficiaries of Laakman Holding Ltd
entered into a shareholders' agreement with respect to Cubic. All
agreements are subject to the regulatory approvals by competent
authorities. With effectiveness of these agreements Cubic together
with the parties acting in concert will hold more than 90% in the
Target Company.

As already announced on 15.01.2016 Cubic and its parties acting in
concert intend to fulfill this obligation by way of launching a MTO
to acquire all C- QUADRAT shares that are not held by Cubic and
parties acting in concert. This MTO will refer to 411,694 C-QUADRAT
shares, corresponding to approximately 9.44% of the Target Company's
issued share capital. The offer price will be increased from EUR
42.86 to EUR 60.00. The MTO will be subject to the regulatory
approvals by competent authorities.

Further, Cubic and parties acting in concert intend to implement a
squeeze out procedure subsequent to the MTO. The publication of the
offer document in accordance with statutory requirements can be
expected in April 2016 after clearance by the Austrian Takeover
Commission. The offer document will include the precise terms and
periods regarding the acceptance of the anticipated mandatory offer
and will be available online on the websites of the Target Company
(www.C-QUADRAT.com) and the Austrian takeover commission
(www.takeover.at).

Disclaimer: This announcement is for information purposes only and
neither constitutes an invitation to sell, nor an offer to purchase,
C-QUADRAT shares. The final terms and further provisions regarding
the anticipated mandatory takeover offer will be disclosed in the
offer document once it will have been approved by the Austrian
Takeover Commission (Übernahmekommission). Investors and holders of
C- QUADRAT securities are strongly recommended to read the offer
document and all announcements in connection with the public takeover